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Latest Business News

Oil prices climb after industry data shows U.S. stocks draw

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SINGAPORE (Reuters) – Oil prices rose early on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over…

Asia stocks inch up after Wall Street’s gains, oil prices slide

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TOKYO (Reuters) – Asian stocks edged up early on Wednesday following an overnight rise for U.S. stocks, while reduced hopes that a meeting of major producers would reduce a oversupply…

Russia’s Rosneft plans to take final investment decision on Far East LNG in 2017-18

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YUZHNO-SAKHALINSK, Russia (Reuters) – Russia’s Rosneft plans to take a final investment decision on its Far East LNG project in 2017-2018, according to a presentation by Rosneft department head Alexander…

Don’t click on that Brad Pitt obit! He’s alive, and it’s a hack

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Attention Facebook users: Brad Pitt isn’t dead, and clicking on that post could give a hacker control of your account. …read more Via:: Don’t click on that Brad Pitt obit!…

Wells Fargo launches investigation into retail banking sales practices

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(Reuters) – Wells Fargo & Co said on Tuesday that it had launched an independent investigation into the firm’s retail banking sales practices. …read more Via:: Wells Fargo launches investigation…

Wells CEO Stumpf forfeits $41 million in unvested equity amid independent probe

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The independent directors on Wells Fargo’s board announced that it is launching a probe of the bank’s retail banking sales practices. …read more Via:: Wells CEO Stumpf forfeits $41 million…

Wells Fargo CEO forfeits stock awards worth $41 million as company launches probe

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Wells Fargo CEO John Stumpf is forfeiting $41 million in stock awards as the bank launches a probe into its phony accounts scandal. …read more Via:: Wells Fargo CEO forfeits…

RBS to pay $1.1 billion to resolve U.S. regulator’s mortgage cases

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NEW YORK (Reuters) – Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the…

Ex-AIG chief Hank Greenberg, 91, testifies in fraud case

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NEW YORK (Reuters) – More than a decade after he was sued over accounting fraud, former American International Group Inc Chairman Maurice “Hank” Greenberg on Tuesday took the witness stand…

Follow the sun: 21 financial sector jobs around the world

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As the British autumn rolls in and the days grow shorter, it’s time to explore those job opportunities in warmer climes… …read more Via:: Follow the sun: 21 financial sector…